Week Two Assignment, Part 2 – State Budget Development Insights and reflections Directions: In this activity, you will be asked to post to your blog, your faculty section blog and to your group Wiki and comment on at least one other group’s wiki posting. Your faculty and Instructional Associate will assign you to a Wiki group for this activity. Working with your wiki group members, develop your group’s “top five list of events and dates in the development of a district budget.” Briefly describe how your Wiki group reached consensus on these top five – in other words, why are these your top five? In developing your “top five list,” we strongly urge you to review the TASBO Budget Development Power Point located in the Resource Section, or found at the following link: http://ritter.tea.state.tx.us/financial.audits/09_TASBO_Budget_Acad.pdf You may also wish to bookmark or review the general TEA Finance web site found at: http://www.tea.state.tx.us/index.aspx?id=2147484908&menu_id=645&menu_id2=789&cid=2147483657 Use your Wiki group and reach consensus to identify your group’s top five list of events and important dates in the development of a district budget, and do the following:
post your top five list of events and dates to your Wiki group including why your group selected these as your top five,
post a reflection on the faculty section blog, and
comment on at least one other cohort Wiki group submissions.
Marie's Top Five and Reasons
1.School starts on the 4th Monday in August but the date for the new budget to be released is the 1st of September if it is not on a weekend, this causes an issue when the new year start but the new funds are not available yet. {Two critical dates for budget preparation/adoption have been mandated by TEA. These dates (as noted in the previous section, Legal Requirements for Budgets) are: (1) August 20th -the district budget must be prepared by this date (June 19th for districts that have a July 1st fiscal year start date), and (2) August 31 -the district budget must be adopted by the school board by this date(June 30th for districts that have a July1st fiscal year start date)}
2.Late May 25 General Operating Budgets Due - submitted for approval in TEAMS; Campus Improvement Plans including prelimiary allocations of Title and Comp Ed funds Due - completed in FTF; All Federal Fund Budgets Due - completed in FTF (i.e. Special Ed, Child Nutrition, etc.)
3.August Regular Board Meeting - Final Budget Approval
4.February/March- Needs Analysis/Campus Improvement Plan Development/Capital Needs
5.HB 1 passed in 2006 by the 79th Legislature. Expanded Tier II to provide three different levels of guaranteed funding on the pennies of tax effort exceeding a district’s LFA
EDLD 5342
Week 2, Group 5 Assignment Post
Top Five List of Events and Dates in the Development of the District Budget
1) November - Create Budget Development Plan Budget priorities/initiatives identified by Executive Team Collect and Analyze student projections
Student schedules and campus budgets for personnel must be driven by student requests and campus programs.
2) February 14-25 –
Distribute budget preparation documents to campuses and central offices
Conduct budget workshops for central budget managers
Conduct budget workshops for campus administrators by Learning Community
These documents generated by gathering this information are necessary to evaluate goals, set responsibilities and to set up the framework for the budget driven by goals and objectives.
3) May 12 – Board of Trustee Business Briefing
Preliminary 2011 - 2012 Budget Review
Review Revenue Projections
Along with the preliminary estimate of taxable values received from Central Appraisal District, the Board of Trustees sees the preliminary budget and reviews how it aligns with revenue projections. This gives the superintendent the opportunity to gain support and understanding of the new budget by clarifying any questions and presenting information that correlates with district goals.
4) June 23 - Board of Trustees Meeting
Tax Rate Public Hearing
Adopt 2010-2011 Budget
The community has the opportunity to weigh in on the tax rate and see how it corresponds to the new budget.
5) Aug 25- Board of Trustees Meeting
Adopt a Tax Rate
Since the entire budget is predicated on the tax rate adopted by the board, this final step assures that the budget will be covered for the upcoming school year.
Directions: In this activity, you will be asked to post to your blog, your faculty section blog and to your group Wiki and comment on at least one other group’s wiki posting. Your faculty and Instructional Associate will assign you to a Wiki group for this activity.
Working with your wiki group members, develop your group’s “top five list of events and dates in the development of a district budget.” Briefly describe how your Wiki group reached consensus on these top five – in other words, why are these your top five? In developing your “top five list,” we strongly urge you to review the TASBO Budget Development Power Point located in the Resource Section, or found at the following link:
http://ritter.tea.state.tx.us/financial.audits/09_TASBO_Budget_Acad.pdf
You may also wish to bookmark or review the general TEA Finance web site found at:
http://www.tea.state.tx.us/index.aspx?id=2147484908&menu_id=645&menu_id2=789&cid=2147483657
Use your Wiki group and reach consensus to identify your group’s top five list of events and important dates in the development of a district budget, and do the following:
Marie's Top Five and Reasons
1.School starts on the 4th Monday in August but the date for the new budget to be released is the 1st of September if it is not on a weekend, this causes an issue when the new year start but the new funds are not available yet. {Two critical dates for budget preparation/adoption have been mandated by TEA. These dates (as noted in the previous section, Legal Requirements for Budgets) are: (1) August 20th -the district budget must be prepared by this date (June 19th for districts that have a July 1st fiscal year start date), and (2) August 31 -the district budget must be adopted by the school board by this date(June 30th for districts that have a July1st fiscal year start date)}
2.Late May 25 General Operating Budgets Due - submitted for approval in TEAMS; Campus Improvement Plans including prelimiary allocations of Title and Comp Ed funds Due - completed in FTF; All Federal Fund Budgets Due - completed in FTF (i.e. Special Ed, Child Nutrition, etc.)
3.August Regular Board Meeting - Final Budget Approval
4.February/March- Needs Analysis/Campus Improvement Plan Development/Capital Needs
5.HB 1 passed in 2006 by the 79th Legislature. Expanded Tier II to provide three different levels of guaranteed funding on the pennies of tax effort exceeding a district’s LFA
EDLD 5342Week 2, Group 5 Assignment Post
Top Five List of Events and Dates in the Development of the District Budget
1) November - Create Budget Development Plan
Budget priorities/initiatives identified by Executive Team Collect and Analyze student projections
Student schedules and campus budgets for personnel must be driven by student requests and campus programs.
2) February 14-25 –
These documents generated by gathering this information are necessary to evaluate goals, set responsibilities and to set up the framework for the budget driven by goals and objectives.
3) May 12 – Board of Trustee Business Briefing
Along with the preliminary estimate of taxable values received from Central Appraisal District, the Board of Trustees sees the preliminary budget and reviews how it aligns with revenue projections. This gives the superintendent the opportunity to gain support and understanding of the new budget by clarifying any questions and presenting information that correlates with district goals.
4) June 23 - Board of Trustees Meeting
The community has the opportunity to weigh in on the tax rate and see how it corresponds to the new budget.
5) Aug 25- Board of Trustees Meeting
Since the entire budget is predicated on the tax rate adopted by the board, this final step assures that the budget will be covered for the upcoming school year.